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Why Peloton Stock Jumped 24% This Week

Chris Neiger, The Motley Fool
·2-min read
Why Peloton Stock Jumped 24% This Week

Investors gave Peloton Interactive (NASDAQ: PTON) a huge boost early this week after the company announced a new partnership with Hilton Worldwide Holdings (NYSE: HLT): By the end of the year, there will be at least one Peloton bike in every Hilton-branded hotel -- all 5,400 of them. Investors were understandably excited about the deal, and bid Peloton's stock up by 24.3% over the past week, according to data provided by S&P Global Market Intelligence. "This unique and exciting partnership with Peloton -- a brand so many of our guests know and love -- accelerates an important part of that equation, allowing us to enhance the stay with an innovative approach to fitness."

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